Category Archives: results

General Motors Sets January Vehicle Sales Record in China

Posted on 11 February 2011 by Ken Zino

General Motors had a record sales month in China in January, as GM’s two largest manufacturing joint ventures new monthly highs for vehicle sales in the world’s largest auto market of more than 18 million vehicles. It’s a continuation of GM’s strong performance in China during 2010, where it sold more cars and trucks than it did in the U.S. Continue reading →

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Renault Group Reveals Its 2016 Plan – Largely Outside Europe

Posted on 10 February 2011 by Ken Zino

The plan is heavily dependent on cost cutting, growth in emerging markets, and success of electric vehicles. In a statement that disappointed analysts, and sent the stock price down, Ghosn dismissed out of hand a merger with Nissan, claiming it was culturally impossible. Continue reading →

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Nissan Posts Strong Q3. Ups Fiscal Year Forecast to ¥535 B

Posted on 10 February 2011 by Ken Zino

Nissan Motor Co., Ltd. reported consolidated net revenues of ¥6.4 trillion, 19.4% higher than the year-ago level. Operating profit increased 96.1% to ¥448.9 billion for the first nine months of its fiscal year, the second largest automaker in Japan said in a statement. Continue reading →

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Early February U.S. Vehicle Sales Up by 17% from 2010. Significant Market Warming or Just a So What?

Posted on 9 February 2011 by Ken Zino

Both the number of people shopping for a new vehicle and the number who actually buy one are up during early February vehicle sales reports from car dealers. This could mean monthly sales in the 920,000 – 950,000 range, according the CNW Research, an industry consultancy. Continue reading →

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Toyota Motor Corporation Reports 5% Increase in Net Revenues for Nine Months as it Struggles in Europe and Japan

Posted on 8 February 2011 by Ken Zino

The world’s largest automaker is still feeling the negative effects of image damaging safety and quality recalls, the rise in the value of the Yen, and the contraction of its Japanese home market. Continue reading →

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Milestones: 900,000 Mazda MX-5 Miata Roadsters Made

Posted on 7 February 2011 by Ken Zino

What Mazda dubs as the world’s best-selling two-seat roadster, the Mazda MX-5 Miata, has reached a new milestone of 900,000 units produced.

Nearly 45% of the two-seat Miatas made – about 388,000 – were sold in the United States since the Miata launched here in the last century. Continue reading →

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Toyota Reports January Sales up 17%, as it Flings Incentive Gauntlet at Other Automakers with Cash and 0% Interest

Posted on 1 February 2011 by Ken Zino

Loyalty and conquest rates have returned to historical pre-recall levels,” said Bob Carter, Toyota Division group vice president and general manager, Toyota Motor Sales, U.S.A., who went on to say Toyota intends to grow at greater than market rates this year, thus flinging the gauntlet Chevrolet and Ford executives whose brands surpassed Toyota brand in U.S. sales last year. Continue reading →

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Chrysler Group Reports January U.S. Sales Up 23%

Posted on 1 February 2011 by Ken Zino

Chrysler Group LLC today reported U.S. sales of 70,118, a 23% increase compared with sales in January 2010 (57,143 units), and ahead of the overall U.S. market growth of 17%.

Chrysler’s heavy reliance on truck and minivan sales – roughly 75% of total – was a factor as overall truck sales in the U.S. increased 29% in January. Continue reading →

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Ford Motor January U.S. sales up 13%

Posted on 1 February 2011 by Ken Zino

Ford Motor Company reported January sales were 127,317, up 13% from 2009, as the killing of the Mercury brand and a 27% decline in sales to daily rental companies hurt results. Continue reading →

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General Motors January Sales Rise 23%

Posted on 1 February 2011 by Ken Zino

General Motors dealers reported 178,896 total sales in the United States during January, a 23% increase from a year ago for the company’s four brands. Retail sales were 36% higher than January 2009. Continue reading →

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Ally Financial Posts Net Income of $1.1 Billion in 2010

Posted on 1 February 2011 by Ken Zino

Ally Financial Inc. today reported net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5.0 billion for the fourth quarter of 2009. For full-year 2010, Ally (formerly GMAC and now taxpayers own … Continue reading →

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Renault Group Reports €38.97 Billion in 2010 Revenue; Return to Profitability Because of Record Sales of 2.6 Million Vehicles

Posted on 31 January 2011 by Ken Zino

Renault Group has turned around its results, according to a statement issued today by Carlos Ghosn, Chairman and CEO.

“Renault can already announce that, driven by record commercial results in a growing world market and good cost control, the Group has largely exceeded its annual free cash flow objective and reduced net automotive debt to €1.4 billion,” Ghosn said. Continue reading →

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Chrysler Group Posts $652 Million Loss in 2010

Posted on 31 January 2011 by Ken Zino

Chrysler Group LLC today said that it had a total year net loss in 2010 of $652 million, and a net loss of loss of $199 million in Q4 2010, compared to a net loss of $84M in Q3 2010. Debt increased by $0.4 billion in 2010 to $5.8 billion from 2009 as the revision of 16 models increased costs and deceased revenue during their launch. Cash as of 31 December 2010 was $7.3 billion compared to $8.3 billion on 30 September 2010. Continue reading →

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Honda Ranks First for Automaker Website Satisfaction

Posted on 30 January 2011 by Ken Zino

Honda’s website ranks the highest among new vehicle shoppers, according to an automaker website evaluation study just released. Honda had the highest with a score of 836 on a 1,000-point scale, and performs particularly well in information/content, navigation and speed measures, according to J.D. Power and Associates. Continue reading →

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Toyota Tops in Quality in Germany Says TÜV

Posted on 28 January 2011 by Ken Zino

Germany’s leading technical inspection association, TÜV, says the Toyota Prius ranks in first place for quality for vehicles aged two to three years. TÜV reports only 2.2% of the Prius hybrids inspected showed signs of a defect.

Toyota’s Auris was a close second in the same category at just 2.3% compared with an average of 5.5%. Furthermore, vehicles across Toyota’s product line performed well in the annual report – including the Avensis, Corolla Verso, RAV4 and Yaris models. Continue reading →

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